AN EYE-OPENING CHART SHOWS UP AS YELLEN SNUBS THE DOOMSDAY CROWD $SPY $QQQ $GLD $SLV $GDX $TLT $UUP $VXX $XIV
In her much anticipated speech at the Federal Reserve Bank of Kansas City Symposium at Jackson Hole, Wyoming, Janet Yellen was wishy-washy, making stocks, bonds, gold and currencies vulnerable. The title of here speech was “The Federal Reserve’s Monetary Policy Toolkit: Past, Present and Future.” Absent from her toolkit is negative interest rates. Yellen clearly snubbed the doomsday crowd. Negative interest rates coming to the United States have been the foundation of the doomsday-crowd predictions.
Let’s first discuss the rallying cry of the doomsday crowd, and then we will take a look at an eye-opening chart.
Please click here for the chart.… Please click here or the title below to read more.
August 29, 2016